re: When it comes to real estate, is New Orleans the strangest case in the US?

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I wonder how that's gonna work long term, I know I wouldn't pay top dollar to live among the subsidized.

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I am interested. I won't be participating in the experiment by renting like a sucker and paying $1100 for a nice place while 35-40 percent are paying half of that, but I am curious to see how it works in 15-20 years.

I think my generation grew up in the suburbs and has a general distaste for it, so they prefer living in the city. Obviously rents go up, and we'll see if there are enough out-of-towners, grad students, and young professionals who are seeking to pay $1100 a month for mixed income versus $1400-1500 for a regular building.

It's worked well so far, I think. But I think that is due in part to marketing the mixed income properties to out-of-towners who are a bit clueless and didn't know what they are getting themsleves into.